The Haryana State EV Policy 2022 is a comprehensive policy that aims to promote the adoption of electric vehicles (EVs) in the state. The policy offers a number of incentives to both EV buyers and EV manufacturers.
EV buyer incentives
EV buyers in Haryana are eligible for the following incentives under the Haryana State EV Policy 2022:
- Purchase incentive: EV buyers are eligible for a purchase incentive of up to INR 10 lakh, depending on the type of EV they purchase.
- Free registration and road tax: EVs are exempt from registration and road tax for the first two years.
- Priority parking: EVs are eligible for priority parking at public parking spaces.
- Subsidies on charging infrastructure: The government will provide subsidies to set up EV charging infrastructure in the state.
EV manufacturer incentives
EV manufacturers in Haryana are eligible for the following incentives under the Haryana State EV Policy 2022:
- Capital subsidy: EV manufacturers are eligible for a capital subsidy of up to 25% of their investment in the state.
- Stamp duty exemption: EV manufacturers are exempt from stamp duty on the purchase of land in the state.
- Electricity duty exemption: EV manufacturers are exempt from electricity duty for a period of 10 years.
- Subsidies on R&D: The government will provide subsidies to EV manufacturers for research and development activities.
Impact of the Haryana State EV Policy 2022
The Haryana State EV Policy 2022 is expected to have a significant impact on the adoption of EVs in the state. The attractive incentives offered under the policy will make EVs more affordable and accessible to consumers. This will boost the demand for EVs in the state.
The policy is also expected to attract EV manufacturers to the state. The capital subsidy, stamp duty exemption, electricity duty exemption, and subsidies on R&D will make Haryana a more attractive destination for EV manufacturers. This will lead to the establishment of EV manufacturing units in the state, which will create jobs and boost the local economy.
Overall, the Haryana State EV Policy 2022 is a well-designed policy that is expected to have a positive impact on the adoption of EVs in the state.
Additional thoughts
The Haryana State EV Policy 2022 is one of the most ambitious EV policies in India. The policy offers a number of attractive incentives to both EV buyers and EV manufacturers. This is likely to make Haryana a leader in the adoption of EVs in India.
The success of the Haryana State EV Policy 2022 will depend on a number of factors, including the implementation of the policy and the response from EV buyers and manufacturers. However, the potential benefits of the policy are significant, and it is clear that the Haryana State EV Policy 2022 has the potential to play a major role in the development of the Indian EV industry.
